NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

KCM INVESTMENT ADVISORS LLC's Holding History (CIK: 0001109228)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,577 Value ($000) $455 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 1,555 Value ($000) $467 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 1,489 Value ($000) $381 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 1,488 Value ($000) $352 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 1,665 Value ($000) $391 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 1,367 Value ($000) $340 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 1,467 Value ($000) $315 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 1,467 Value ($000) $374 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 1,359 Value ($000) $321 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 1,359 Value ($000) $268 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 1,425 Value ($000) $323 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 1,425 Value ($000) $302 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 2,539 Value ($000) $1 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 2,539 Value ($000) $532 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 2,665 Value ($000) $606 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 2,965 Value ($000) $846 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 3,225 Value ($000) $960 Avg Close $255.22 Range $218.02 - $273.89

Q3 2021

Shares 3,231 Value ($000) $773 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 3,105 Value ($000) $824 Avg Close $250.29 Range $237.13 - $267.99

Q1 2021

Shares 3,455 Value ($000) $928 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 3,036 Value ($000) $721 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 2,197 Value ($000) $470 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 1,991 Value ($000) $350 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 1,991 Value ($000) $291 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 2,085 Value ($000) $405 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 2,085 Value ($000) $375 Avg Close $161.51 Range $148.22 - $182.44

Q2 2019

Shares 2,207 Value ($000) $440 Avg Close $173.34 Range $164.54 - $184.28

Q1 2019

Shares 2,175 Value ($000) $406 Avg Close $150.47 Range $124.50 - $164.26

Q4 2018

Shares 2,175 Value ($000) $325 Avg Close $142.35 Range $120.21 - $160.07

Q3 2018

Shares 2,300 Value ($000) $415 Avg Close $147.16 Range $128.72 - $161.27

Q2 2018

Shares 2,400 Value ($000) $362 Avg Close $125.28 Range $109.19 - $136.18

Q1 2018

Shares 2,400 Value ($000) $326 Avg Close $122.67 Range $112.62 - $133.63

Q4 2017

Shares 2,475 Value ($000) $359 Avg Close $113.99 Range $106.48 - $124.43

Q3 2017

Shares 2,570 Value ($000) $340 Avg Close $102.71 Range $93.81 - $113.26

Q2 2017

Shares 3,870 Value ($000) $471 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 4,682 Value ($000) $524 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 4,857 Value ($000) $525 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 4,857 Value ($000) $471 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 4,245 Value ($000) $361 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 4,245 Value ($000) $353 Avg Close $61.54 Range $52.69 - $70.78

Q4 2015

Shares 4,260 Value ($000) $360 Avg Close $69.12 Range $61.01 - $79.94

Q3 2015

Shares 5,111 Value ($000) $390 Avg Close $65.12 Range $57.94 - $70.74

Q2 2015

Shares 4,861 Value ($000) $425 Avg Close $77.43 Range $69.21 - $84.64

Q1 2015

Shares 4,861 Value ($000) $500 Avg Close $84.19 Range $78.29 - $88.38

Q4 2014

Shares 4,765 Value ($000) $522 Avg Close $85.81 Range $79.24 - $92.28

Q3 2014

Shares 4,411 Value ($000) $492 Avg Close $82.62 Range $77.74 - $88.50

Q2 2014

Shares 4,661 Value ($000) $480 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 4,661 Value ($000) $453 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 4,021 Value ($000) $373 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 4,021 Value ($000) $311 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 3,621 Value ($000) $263 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,577	$455	$288.62	$277.08 - $300.79
Q3 2025	1,555	$467	$276.03	$252.95 - $299.47
Q2 2025	1,489	$381	$233.06	$198.48 - $255.81
Q1 2025	1,488	$352	$239.35	$222.00 - $264.36
Q4 2024	1,665	$391	$248.46	$225.19 - $271.79
Q3 2024	1,367	$340	$233.00	$204.24 - $253.86
Q2 2024	1,467	$315	$224.21	$200.19 - $246.91
Q1 2024	1,467	$374	$237.76	$214.83 - $253.85
Q4 2023	1,359	$321	$200.12	$174.02 - $227.48
Q3 2023	1,359	$268	$205.00	$184.44 - $225.83
Q2 2023	1,425	$323	$200.25	$185.68 - $215.05
Q1 2023	1,425	$302	$216.72	$184.28 - $242.90
Q4 2022	2,539	$1	$220.43	$189.06 - $244.31
Q3 2022	2,539	$532	$222.85	$194.58 - $245.30
Q2 2022	2,665	$606	$226.47	$202.60 - $262.57
Q1 2022	2,965	$846	$252.93	$227.90 - $273.69
Q4 2021	3,225	$960	$255.22	$218.02 - $273.89
Q3 2021	3,231	$773	$233.46	$217.60 - $249.27
Q2 2021	3,105	$824	$250.29	$237.13 - $267.99
Q1 2021	3,455	$928	$228.85	$207.42 - $247.83
Q4 2020	3,036	$721	$204.73	$176.03 - $223.49
Q3 2020	2,197	$470	$179.92	$151.06 - $201.91
Q2 2020	1,991	$350	$150.98	$121.35 - $179.10
Q1 2020	1,991	$291	$163.63	$100.01 - $194.41
Q4 2019	2,085	$405	$165.56	$146.52 - $174.77
Q3 2019	2,085	$375	$161.51	$148.22 - $182.44
Q2 2019	2,207	$440	$173.34	$164.54 - $184.28
Q1 2019	2,175	$406	$150.47	$124.50 - $164.26
Q4 2018	2,175	$325	$142.35	$120.21 - $160.07
Q3 2018	2,300	$415	$147.16	$128.72 - $161.27
Q2 2018	2,400	$362	$125.28	$109.19 - $136.18
Q1 2018	2,400	$326	$122.67	$112.62 - $133.63
Q4 2017	2,475	$359	$113.99	$106.48 - $124.43
Q3 2017	2,570	$340	$102.71	$93.81 - $113.26
Q2 2017	3,870	$471	$98.76	$93.02 - $105.49
Q1 2017	4,682	$524	$97.78	$88.22 - $104.69
Q4 2016	4,857	$525	$83.99	$74.46 - $92.84
Q3 2016	4,857	$471	$75.16	$68.43 - $80.53
Q2 2016	4,245	$361	$69.72	$63.83 - $76.86
Q1 2016	4,245	$353	$61.54	$52.69 - $70.78
Q4 2015	4,260	$360	$69.12	$61.01 - $79.94
Q3 2015	5,111	$390	$65.12	$57.94 - $70.74
Q2 2015	4,861	$425	$77.43	$69.21 - $84.64
Q1 2015	4,861	$500	$84.19	$78.29 - $88.38
Q4 2014	4,765	$522	$85.81	$79.24 - $92.28
Q3 2014	4,411	$492	$82.62	$77.74 - $88.50
Q2 2014	4,661	$480	$76.02	$70.92 - $81.20
Q1 2014	4,661	$453	$71.41	$66.84 - $75.69
Q4 2013	4,021	$373	$65.71	$58.01 - $71.47
Q3 2013	4,021	$311	$56.99	$54.14 - $60.17
Q2 2013	3,621	$263	$57.67	$53.20 - $61.33